Jim Cramer says investors should watch these three tech names in the Nasdaq 100
CNBC’s Jim Cramer told investors on Tuesday his three stock picks among the worst and best performing stocks on the Nasdaq 100 in the first half of this year.
“Tech stocks were horrible in the first half. … No apples, no Google, no semis, no software as a service – just default names that show you that tech has become absolutely hated, maybe so hated that I think we could see some serious rebound,” he said.
“When it comes to tech, FANG went into a portfolio manager-induced coma in the first half of the year and Netflix was the first to submit. What else can I say, except if a stock fell hard enough… then there is certainly hope for resuscitation,” he added, referring to his acronym for Meta, parent of Facebook, Amazon, Netflix and Alphabet, parent of Google.
To illustrate his point, the “Mad Money” host listed the five worst and five best performers on the Nasdaq 100.
Of the 10 names, he highlighted two stocks as potential buys.
Here is his list of the top five Nasdaq 100 performers:
- Vertex Pharmaceuticals
- Constellation Energy
Of those names, Cramer said he believes investors should buy Seagen stock, especially given speculation that Merck may bid on the biotech company, according to The Wall Street Journal.
T-Mobile is also a buy, he said, predicting the company will perform strongly in its next quarter.
Next, Cramer reviewed the five worst performers on the Nasdaq 100.
Here is his list:
- Alignment Technology
Cramer said he thinks Align is attractive at its current price. “I think he can make a slow, steady comeback,” he said.
Disclosure: Cramer’s Charitable Trust owns shares of Alphabet, Amazon and Meta.
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